Further sell-downs expected as European equities rally

By Aidan Gregory
18 May 2020

European equities rallied sharply on Monday as little signs of secondary Covid-19 outbreaks emerged in the region over the weekend following the easing of lockdowns in many countries. Market sources expect that the renewed optimism is likely to lead to another strong week for equity capital markets transactions.

The FTSE 100 was up 2.6% by the early afternoon while the DAX had risen 3.4%. France’s CAC 40 rallied by 3%, as did the Euro Stoxx 50, reversing their losses from the latter stages of last week. US equities also had a strong start to the week, ...

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